CARES Campaign

Help us reactivate our campus and inspire the community until we can fully open again.

To counter COVID-19’s negative economic impacts, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law this spring. It offers increased tax incentives for charitable giving in hopes of boosting philanthropy throughout America.

And we hope you’ll join us in showing the community we care about inspiring and entertaining them—now more than ever.

Donate to our CARES Campaign to support our vision, Arts For Every Life®, through:

  • On-site fall productions at our AdventHealth School of the Arts accommodating 500+ students
  • Needs-based scholarships for up to 300 kids
  • General support, in light of our closure during COVID-19

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How It Works

New Deduction Available:
Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income.

New Charitable Deduction Limits:
Individuals can elect to deduct donations up to 100% of their 2020 AGI. Corporations may deduct up to 25% of taxable income. The new deduction is for gifts that go to a public charity, like Dr. Phillips Center.

Required Minimum Distributions Waived in 2020 for Most Donors:
Required minimum distributions that would have had to start in 2020 do not have to start until 2021, including distributions from defined benefit pension plans and 457 plans. Making a qualified charitable distribution this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax efficient manner.

Click here for more information.

This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.

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